To which of the following investors would mortgage-backed securities be most attractive?

You've got to appreciate the irony here. This is a question from the Canadian Security Course's (current) practice exam:

a. A young investor trying to build a portfolio.

b. A middle-aged investor concerned about retirement savings.

c. A senior with a large portfolio wishing to minimize taxes.

d. A senior needing income to augment a small pension.

You can leave your best guess in the comments.

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